Morgan Stanley maintains an Overweight recommendation for NVIDIA (NASDAQ:NVDA) as of May 25, 2023. The average one-year price target for NVIDIA is 294.65, with forecasts ranging from 191.90 to 413.70, representing a 3.51% decrease from the latest closing price of 305.38.

NVIDIA’s projected annual revenue is 30,001MM, showing an 11.22% increase, with a projected annual non-GAAP EPS of 4.40. Currently, there are 4850 funds or institutions holding positions in NVIDIA, with the average portfolio weight increasing to 1.36%.

Institutional shareholders like Vanguard Total Stock Market Index Fund Investor Shares and Vanguard 500 Index Fund Investor Shares have increased their ownership in NVIDIA by 2.87% and 2.33% respectively. Price T Rowe Associates and Geode Capital Management also saw increases in their portfolio allocations by 2.28% and 1.86% respectively.

NVIDIA, a pioneer in GPU-accelerated computing, specializes in products for gaming, professional visualization, data center, and automotive markets. The company’s technology is used by gamers, designers, and scientists, playing a crucial role in technological advancements. Key filings and information can be found on Fintel’s platform.

Read more at Nasdaq: Morgan Stanley Maintains NVIDIA (NVDA) Overweight Recommendation